The top-ranked institutes in India offer courses in the field of Insurance, Banking, Finance, and Management to students are quite many. Thus, students who are interested in enrolling on a degree programme in the Insurance and Banking sector may find this article quite helpful.
Pursuing Courses in Insurance in India and Career Prospect
In order to kick-start your career in the field of insurance, students who have completed their higher secondary schooling (i.e., 10+2/XII or equivalent) can enrol oneself in colleges or universities that offer UG and PG degree courses in finance, management and allied disciplines.
For instance, Bachelor of Business Administration (BBA) is a three-year undergraduate degree programme offered to students seeking courses in such fields. After completing the bachelor’s degree programme, students can then, take up the Master of Business Administration (MBA) programme, which is a two-year post-graduate degree programme providing higher education in one or more disciplines.
Both BBA and MBA programmes specialise in areas of Finance, Insurance, Banking, Marketing, Retail Management, Entrepreneurship, Human Resource Management, Rural Management, Operations Management, Logistics & Supply Chain Management and several more fields of learning and practice. These and many more courses offered by some of the best educational institutions open a door of opportunities for students to achieve their dream careers, whether in India or overseas.
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Let us take a quick look at some of the best institutes in India that offer degree programmes in Insurance to students.
20 Best Insurance Colleges of India
Below is an alphabetically sorted list of twenty top-ranking insurance institutes of India for students seeking to pursue courses in finance, insurance, banking and management and associated fields.
1. A. J. Institute of Management
Place: Mangalore (Karnataka)
A. J. Institute of Management (AJIM), erstwhile known as T.I.M.E., was established under the aegis of Laxmi Memorial Education Trust in the year 1999. The institute is affiliated to Mangalore University (Karnataka) under the recognition of Govt. of Karnataka, approved by AICTE, New Delhi and accredited by NAAC.
The Institute is offering a two-year full-time industry-certified MBA programme in Finance, Human Resource Management, Marketing, Banking and Insurance, Logistics, and Hospital Administration.
2. Aligarh Muslim University
Place: Aligarh (Uttar Pradesh)
Aligarh Muslim University (AMU) situated in Aligarh, Uttar Pradesh is among the oldest institutes of India. The University was established by Sir Syed Ahmad Khan in 1975 as the Muhammadan Anglo-Oriental College, and in 1920, it became known as Aligarh Muslim University. The University also maintains a number of Colleges, Institutes, Centres and Schools in India.
Aligarh Muslim University is accredited by NAAC with ’A+’ Grade status and runs 13 Faculties viz. Agricultural Sciences, Arts, Commerce, Engineering & Technology, Law etc., each comprising of several Departments of Studies. The University draws students from all corners of the country as well as foreign countries, especially Africa, West Asia and Southeast Asia.
The Faculty of Management Studies and Research (FMSR) at AMU provides various educational programs for students interested in pursuing careers in the field of management. Currently, FMSR offers a Master in Business Administration (MBA) degree, specializing in areas such as International Business, Islamic Banking & Finance, and Hospital Administration. In addition to these MBA programs and regular PhD programs, the department also offers an Executive Doctoral Program in collaboration with the All India Management Association (AIMA). This program is specifically designed for executives, managers, management educators, as well as personnel from central and state government agencies and the military.
3. Amity University, Noida
Place: Noida (Uttar Pradesh)
Amity University, Noida is a privately-owned university founded by Amity Education Group, a unit of the Amity Foundation. The university’s flagship campus is situated in Noida, Uttar Pradesh, India.
The institute offers UG, PG, Integrated, Industry Collaborative, International, Evening and Doctoral programmes with specialisation in a wide selection of courses. It offers Insurance and Banking full-time courses via programmes, BBA (Banking, Financial Services and Insurance), MBA (Insurance & Banking) and M.Sc. (Actuarial Science).
Amity University has campuses in various cities throughout India, namely Noida, Greater Noida, Lucknow, Gurugram, Jaipur, Gwalior, Mohali, Patna, Ranchi, Raipur, Mumbai, Kolkata and others. It also has campuses in 12 countries around the globe. In addition to this, the university has partnerships with some of the leading scientists and Universities across the world in areas of collaborative research, curriculum development, faculty and student exchange, as well as global study and twinning programmes.
4. Birla Institute of Management Technology
Place: Greater Noida (Uttar Pradesh)
BIMTECH, also known as the Birla Institute of Management Technology, is an esteemed educational institution situated in Greater Noida, Uttar Pradesh. Founded in 1988 under the patronage of the Birla Academy of Art and Culture and backed by the Birla Group of Companies, BIMTECH offers a fully residential campus. The institute attracts students from various corners of India, representing almost every state, as well as a number of foreign countries. Furthermore, BIMTECH has established strategic alliances with renowned global insurance education providers and organizations like Swiss-Re, FAIR, RMAI, IRM, and RIMS.
The institute currently offers Post Graduate Diploma in Management (PGDM) programmes to students, which include PGDM, PGDM (International Business), PGDM (Insurance Business Management), PGDM (Retail Management), PGDM Online, and Doctoral, respectively.
The PGDM (Insurance Business Management) programme is accredited by the Insurance Institute of India (III). The programme delivers professional insurance management course and assimilates professional education, research, training, and consultancy requirements in its insurance and risk management curriculum.
5. Chandigarh University
Place: Mohali (Punjab)
Chandigarh University (CU) is a full-fledged private university established by the Punjab State Legislature. The University is recognised by UGC and accredited with A+ Grade status by the National Assessment and Accreditation Council (NAAC) and several more education boards of India.
Its students come from all Indian states, 8 Union Territories (UT) and 40 foreign nations. The University provides a global perspective to facilitate students with international learning opportunities, through partnerships with 443 top-ranked universities worldwide.
Chandigarh University offers UG, PG, and Doctorate programmes as well as Study Abroad programmes to students. Its Global School of Finance and Accounting offers BBA, B.Com and M.Com programmes in Finance, Accounting, Banking, and Financial Technologies. The programmes are offered in collaboration with the Association of Chartered Certified Accountants (ACCA).
6. D. Y. Patil Deemed to be University
Place: Navi Mumbai (Maharashtra)
D. Y. Patil Deemed to be University, named after its founder Dr. Dnyandeo Yashwantrao Patil was established under Section 3 of the UGC Act, 1956 under the Govt. of India. The University, which runs a constituent of Schools, is accredited by the National Assessment and Accreditation Council (NAAC) with ‘A++’ Grade status and approved by UGC and AICTE.
D. Y. Patil Deemed to be University offers UG, PG, Diploma and Doctorate programmes in various disciplines including Architecture, Ayurveda, Biotechnology and Bioinformatics, Dentistry, Engineering, Hospitality & Tourism Studies, Law, Management, Medicine, Nursing, Occupational Therapy, Pharmacy, Physiotherapy and more.
7. Graphic Era (Deemed to be University)
Place: Dehradun (Uttarakhand)
Graphic Era (Deemed to be University) is a leading institute in Dehradun, Uttarakhand offering UG, PG and doctoral programmes in various disciplines including Engineering, Computer Applications, Management, Hotel Management, Nursing and Paramedical Sciences and more. The University is recognised by UGC and AICTE and it has affiliation with AIU.
The Department of Commerce at Graphic Era (Deemed to be University) offer Bachelor of Commerce B.Com (Gen. and Hons.) in International Finance and Accounting with AAC, UK; Corporate Accounting and Financial Analysis with CMA, US; and Accounting, Auditing, and Taxation; Banking and Finance. It also offers BBA and MBA programmes in various specialisations.
Currently, the institute does not offer Master of Commerce (M.Com) programme to its students.
8. IMED Pune
Place: Pune (Maharashtra)
The Institute of Management and Entrepreneurship Development (IMED), Pune established by Bharati Vidyapeeth in 1978, is a well-known Business School in India. IMED Pune is also a constituent institute of Bharati Vidyapeeth (Deemed to be University), Pune, Maharashtra and is recognised by UGC. The institute is continuously contributing in the field of Management, Computer Science and Research since its inception.
IMED Pune offers MBA/MBA(HR), a two-year full-time programme with dual specialisation in Marketing, Human Resources (HR), Information Technology (IT), International Business (IB), Finance, Banking and Insurance, Retail, and Event and Hospitality Management. The programmes are approved by AICTE.
9. Institute of Business Management and Research
Place: Hubli (Karnataka)
The Institute of Business Management and Research (IBMR) has evolved as one of India’s premier B-Schools. IBMR was established in 1999 with more than five campuses in India and partnerships with seven international institutes in three countries. The institute is approved by AICTE and affiliated to Karnataka University, Dharwad, while also having affiliations with several global institutes.
IBMR offers an industry-aligned MBA programme in multiple disciplines including Finance, Banking Operations, International Business, Information Technology, SAP, Digital Marketing, Human Resources, Data Analytics, Hospitality Management, Logistics & Supply Chain Management and more.
10. International School of Business and Media
Place: Pune (Maharashtra)
International School of Business and Media (ISB&M), Pune is a privately-owned institute started in the year 2000 with its flagship campus located in Nande in Pune, Maharashtra.
ISB&M has campuses in Nande, Bengaluru, Mulshi, and Kolkata. Each of its campuses runs three departments: the College of Commerce, the College of Engineering, and the School of Communication and Media Management.
Internation School of Business and Media (ISB&M), Pune offers Post Graduate Diploma in Management (PGDM), BBA, Engineering and MDP programmes to students. It offers two-year full-time dual specialisation flagship PGDM programme, approved by AICTE in Marketing, Finance, HR, IRM SCOM (for Engineers only), Media & Communication, and Business Analytics.
11. Jaipur National University
Place: Jaipur (Rajasthan)
Jaipur National University (JNU) is a private self-financed University and is sponsored by Mahima Shiksha Samiti. The University is located in Jaipur, Rajasthan.
The University through its Schools and Departments, offers UG, PG, Doctoral, Diploma and Certificate programmes to students in a wide selection of disciplines. Its School of Business & Management offer B.Com, B.Com (Hons.) in Accounting and Business Statistics, Business Administration, Economic Administration & Financial Management, and BBA programmes.
Jaipur National University has an independent Placement Cell to facilitate campus placements and jobs for the students. The University also issue Privilege Placement Card to its exceptionally performing students that assures placement assistance and a chance to avail of on-campus residential training.
12. Loyola Institute of Business Administration
Place: Chennai (Tamil Nadu)
Loyola Institute of Business Administration (LIBA) is a private institute in India. The institute was founded by the French priest, Francis Bertram in the year 1925 and it is situated in Chennai, Tamil Nadu. It was initially founded as a Roman Catholic minority community college for boys operated by The Society of Jesus (also called Jesuits). Later, it became a co-educational institute. LIBA is affiliated with the University of Madras (now known as Chennai).
The institute offers PG, PGDM (Full Time and Weekend), Executive Diploma, Doctoral, Joint Doctoral, Corporate Education, and Certificate programmes to the students and confers degrees in Liberal Arts, Commerce and Sciences.
The institute offers an 11-month Post Graduation programme in International Finance and Public Accounting and an Executive Diploma programme in disciplines like Business Analytics, Finance Management, Healthcare Management, Human Resource Management, International Business Management, Investment Analysis and Portfolio Management, Logistics & Supply Chain Management, Marketing Management, and Media and Entertainment Management.
13. Manav Rachna International Institute of Research and Studies (Deemed to be University)
Place: Faridabad (Haryana)
Manav Rachna International Institute of Research and Studies (MRIIRS) (Deemed to be University), formerly MRIU was established under Section 3 of the UGC Act, 1956, and is NAAC accredited with ‘A++’ Grade status. MRIIRS is a Founder and Member of the prestigious “College Board’s Indian Global Higher Education Alliance”.
MRIIRS through its Faculties and Departments, offer education in the fields of Engineering and Technology, Health and Applied Sciences, Management, Computer Applications, Hotel Management, Commerce, Humanities, Media, Architecture, Design, Liberal Arts, Economics, Applied Psychology and many more.
Its Department of Commerce is offering B.Com (Hons.) with ACCA Certification, M.Com and PhD programmes in the field of Finance, Banking and Insurance, Economics, Accounting, International Business and others.
14. Manipal Academy of Higher Education
Place: Manipal (Karnataka)
Manipal Academy of Higher Education (MAHE) is a private institute and has been granted the status of being an Institution of Eminence Deemed to be University by the Ministry of Education, Government of India. The institute, also known as MAHE Manipal, was founded in 1953 in Manipal, Karnataka, and is a globally engaged institution with active partnerships with more than 250 leading universities around the globe.
MAHE Manipal offers UG, PG, Post Master’s, Diploma, PG Diploma, Advanced PG Diploma, Certificate, Super Speciality (SS), PhD, and Integrated programmes, as well as Lateral Entry admissions to students.
The Department of Commerce offer courses in BBA, B.Com, M.Com, M.Sc., M.A. and PGD which include Business Process Management, Banking Technology, Digital & Creative Marketing, Business Analytics, Financial Economics, Health Economics, and Logistics & Supply Chain.
15. Pondicherry University
Place: Kalapet, Pondicherry (UT)
Pondicherry University (PU) is a Central University established in 1985 under the Ministry of Education, Govt. of India. Pondicherry University functions as a constituent of Schools and Departments/Centres for the respective field of studies. It is also an affiliating body and having its own Affiliation Wing (College Development Council) or controlling the affiliated colleges in the University area.
Pondicherry University has its main campus located in Kalapet, Pondicherry, while also having other campuses in Karaikal, Port Blair and Lakshadweep, and two Community Colleges.
The Department of Commerce of Pondicherry University offers specialised Post-Graduate courses in Commerce, M.Com (Business Finance, Accounting & Taxation) with a focus on Finance. The Department also offers PhD programme and encourages research in the field of Accounting, Finance, Banking, Marketing, Personnel Management and other related fields.
16. REVA University
Place: Bengaluru (Karnataka)
REVA University is a private university located in Bengaluru, Karnataka. The university runs seven Faculties with Schools and Departments delivering education in the field of Engineering and Technology, Architecture, Commerce and Management Studies, Arts, Humanities and Social Sciences, Science and Technology, Law, and Performing Arts and Indic Studies.
Its Faculty of Commerce and Management Studies runs three schools: the School of Commerce, the School of Management Studies, and the REVA Business School. Together, these schools offer B.Com, M.Com, PhD programmes and Certificate courses to students. The University also offers dual specialisation programmes to students at the undergraduate level.
17. Ramaiah Institute of Technology
Place: Bengaluru (Karnataka)
Ramaiah Institute of Technology, named after its founder and Chairman Dr. M. S. Ramaiah, was started in 1962 by Late Dr. M. S. Ramaiah as M. S. Ramaiah Institute of Technology (MSRIT) offering Electrical Engineering and Mechanical Engineering branches. The institute is accredited by NAAC and approved by IQAC, NBA and AICTE.
Today, MSRIT has expanded its education to other fields – Engineering, Computer Science, Artificial Intelligence (AI), Cyber Security, Biotechnology, Architecture, Humanities and more. Additionally, the MSRIT offers Intra Institutional Internship, Ability Enhancement Courses, and Minor Degree Courses as well to students.
18. Royal Global University Guwahati
Place: Guwahati (Assam)
Royal Global University (RGU) situated in Guwahati, Assam is a fully-fledged university established by the Assam State Legislature. The University is recognised by University Grants Commission (UGC) and approved by AICTE and several other education boards of India.
RGU Guwahati through its respective Departments offer UG, PG, Diploma and PhD programmes in various disciplines to students. The Royal School of Commerce (RSC) offers B.Com (Hons.), B.Com (Hons.) in Finance & Accounts, B.Com (Hons. for Morning Shift students), and M.Com programmes. Also, the Royal School of Business (RSB) offers BBA, BBA & MBA, MBA, MBA (Insurance & Banking), MBA (Banking & Finance), and MBA (International Business) programmes to students.
The University also offers merit scholarships, which are reserved for students with special qualifications, such as academic performance, athletic or artistic talent and other endowment schemes.
19. Shoolini University
Place: Solan (Himachal Pradesh)
Shoolini University is a private university situated in the Indian state of Himachal Pradesh. The University was founded in 2009 by a group of leading academicians and professionals under an Act of the Government of Himachal Pradesh. The University is recognised by UGC and the National Board of Accreditation (NBA) and accredited with NAAC.
The University runs a total of ten Faculties, each offering UG, PG and Doctoral programmes with a wide selection of disciplines to students. Its Faculty of Management Sciences offer programmes in Business Management, and Hospitality & Hotel Management. The programmes offered include B.Com (Hons.), BBA, BBA (Rural Management, Aviation & Management, Banking & Insurance, Computer Science & Entrepreneurship, Data Analytics, Digital Marketing, Financial Markets, Logistics & Supply Chain, etc.), MBA, PhD (Economics, Applied Economics, Management, Finance, Human Resource, etc.) and several more programmes and courses in the curriculum.
Shoolini University also offers study abroad (under 2+2 programme) opportunities with scholarships to top universities in the USA, UK, Australia, Italy, South Korea, Taiwan and Japan. The University has formed partnerships with several global universities to foster student exchange opportunities, collaborative academic programmes, faculty engagement and research, and other activities.
20. The Maharaja Sayajirao University of Baroda
Place: Vadodara (Gujarat)
The Maharaja Sayajirao University of Baroda (MSUB) is one of the oldest institutes in Western India. The institute was originally founded as Baroda College in 1881 by Maharaja Sayajirao’s grandson Sir Pratapsinghrao Gaekwad.
The institute had its name changed in 1949 by converting it into a university and is now run by the Sir Sayajirao Diamond Jubilee and Memorial Trust.
MSUB runs 14 Faculties, 9 Institutes, 7 Centres of Excellence and a few constituent Schools and Colleges in India. The Faculty of Commerce at MSUB offers undergraduate, postgraduate, and doctoral programmes leading to B.Com., M.Com. and Ph.D. degrees. The faculty also offers BBA and three Post Graduate Diplomas in Business Management, Business Economics, Banking and Co-operative Management to cater to the specialised needs of students.
Pursuing a bachelor’s, master’s and/or Doctorate course in the field of Insurance and Banking in India can open opportunities for aspiring students to establish a successful career in the industry. As such, there are many designations available for graduates.